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Author Topic: Geithner: Cut corporate tax rate substantially  (Read 1540 times)

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Offline thundley4

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Geithner: Cut corporate tax rate substantially
« on: February 16, 2011, 12:20:53 PM »
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somone (1000+ posts)           Tue Feb-15-11 09:27 PM
Original message
Geithner: Cut corporate tax rate substantially
   
http://www.reuters.com/article/2011/02/16/us-usa-budget...

Geithner: Cut corporate tax rate substantially
By Rachelle Younglai and Kim Dixon

(Reuters) - Treasury Secretary Timothy Geithner said on Tuesday that the United States needs to cut the corporate tax rate substantially with a goal in the high 20 percent range, down from the current 35 percent

A day after the White House unveiled a budget that seeks to trim the country's massive deficit, Geithner reiterated that the Obama administration and Congress had to work together to overhaul the tax code, starting with corporate taxes.

"We are very serious... in trying to build consensus now on a set of fundamental changes to the corporate tax system that would improve incentives for investment," Geithner told a House panel.

"The average rate of our major trading partners now is in the high 20s and... to make it meaningful you want to get it down substantially toward that level," he said...
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x425324


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Skittles   (1000+ posts)             Tue Feb-15-11 09:29 PM
Response to Original message
1. LOL
   
they don't even bother hiding their corporate whoredom now

When tax rates go down, tax receipts go up.

Quote

Badfish (149 posts)           Wed Feb-16-11 09:56 AM
Response to Reply #1
45. It's very possible they end up paying...
   
HIGHER rates than they are now.

Get a clue before attacking my President.

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Hello_Kitty   (1000+ posts)               Wed Feb-16-11 12:10 PM
Response to Reply #45
52. You get a clue before attacking our Skittles.
   
Skittles is a venerated DU institution and you're a noob.

Did DUer Skittles come from the back end of an Obama Unicorn?

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yourout   (1000+ posts)           Tue Feb-15-11 09:29 PM
Response to Original message
2. Good fricking lord.....
   
We really are a country of the serfs and the lords.

Hey DUmmies, the US has the second or third highest corporate tax rates in the world. What have we got to show for it , except businesses fleeing to other countries?
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Offline DefiantSix

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Re: Geithner: Cut corporate tax rate substantially
« Reply #1 on: February 16, 2011, 12:25:23 PM »
Quote from: thundley4 on February 16, 2011, 12:20:53 PM
Hey DUmmies, the US has the second or third highest corporate tax rates in the world. What have we got to show for it , except businesses fleeing to other countries?

Second highest.  But I hear tell that Japan has recently pulled it's head out of it's collective asshole, so it won't be long before USA will be NUMBAH ONE, BAYBEE!!!!  :banghead: :thatsright: :loser: :whatever:
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Offline DumbAss Tanker

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Re: Geithner: Cut corporate tax rate substantially
« Reply #2 on: February 16, 2011, 12:30:33 PM »
Either Geithner didn't get the memo, or DU didn't.  Maybe both.

 :-)
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Offline DefiantSix

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Re: Geithner: Cut corporate tax rate substantially
« Reply #3 on: February 16, 2011, 12:38:43 PM »
Quote from: DumbAss Tanker on February 16, 2011, 12:30:33 PM
Either Geithner didn't get the memo, or DU didn't.  Maybe both.

 :-)

The Won cannot confirm nor deny the existence, or non-existence as the case may be, of any memo, talking points, media orchestration, or other similarly associated suspect coordinating activities or instruments.

Thank-you.
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"Stand your ground. Don't fire unless fired upon, but if they mean to have a war, let it begin here."
-- Capt. John Parker
"I'm not looking for forgiveness, and I'm way past asking permission"
-- Capt. Steve Rogers
"In this present crisis, government is not the solution to our problem, government IS the problem."
-- Ronaldus Magnus

Offline AllosaursRus

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Re: Geithner: Cut corporate tax rate substantially
« Reply #4 on: February 16, 2011, 02:55:38 PM »
DUmmies just don't get it! By taxing our corporate backbone, they only push jobs overseas! Aren't DUmmies the ones continually gripin' about our Companies shipping jobs to Mexico and China?

When one even brings up that increased production brings in more revenue, he/she/it, is shot down in a heart beat! Logic and the economy are foreign subjects to DUmbasses!

DUmmies, livin' proof ya can grow a new civilization in a petri dish! It may consist of nothing more than socialist bacteria without logic or reason, but a new civilization just the same!

ETA:

I want one of these asshats to bring this up the next time they have to dial customer support and get some guy/gal, they can't understand because English is not their first language!
« Last Edit: February 16, 2011, 02:59:50 PM by AllosaursRus »
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Offline thundley4

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Re: Geithner: Cut corporate tax rate substantially
« Reply #5 on: February 16, 2011, 03:07:03 PM »
Quote from: AllosaursRus on February 16, 2011, 02:55:38 PM
DUmmies just don't get it! By taxing our corporate backbone, they only push jobs overseas! Aren't DUmmies the ones continually gripin' about our Companies shipping jobs to Mexico and China?

And their solution to companies that ship jobs overseas ? Raise taxes. 
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Offline Randy

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Re: Geithner: Cut corporate tax rate substantially
« Reply #6 on: February 16, 2011, 04:12:57 PM »
Quote from: thundley4 on February 16, 2011, 03:07:03 PM
And their solution to companies that ship jobs overseas ? Raise taxes. 

+1

And saying in effect AND STAY OUT!!!!11!!!!!!1111!!


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Offline franksolich

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Re: Geithner: Cut corporate tax rate substantially
« Reply #7 on: February 16, 2011, 04:57:42 PM »
Actually, there should be no taxes on corporations, period.

Corporations do not pay taxes; never have, never will.

The people who buy products and services of corporations, including the primitives, pay those taxes, in the form of higher prices for those goods and services.

Corporations are merely tax-collectors, collecting taxes from the people, the ultimate consumers.
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Offline true_blood

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Re: Geithner: Cut corporate tax rate substantially
« Reply #8 on: February 16, 2011, 07:48:37 PM »
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somone (1000+ posts)           Tue Feb-15-11 09:27 PM
Original message
Geithner: Cut corporate tax rate substantially
By Rachelle Younglai and Kim Dixon
"We are very serious... in trying to build consensus now on a set of fundamental changes to the corporate tax system that would improve incentives for investment," Geithner told a House panel.
"The average rate of our major trading partners now is in the high 20s and... to make it meaningful you want to get it down substantially toward that level," he said...
All this coming from "Turbo Tax" Tim. :jerkit:
How many more lies can this administration tell? I'll believe it when it happens.
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